Hollywood Inc. To Sell 3 Units

The owners of Hollywood Inc. are selling three construction subsidiaries, marking the third step in a court-approved plan to dissolve their multimillion-dollar family trust.

Hollywood Land Co. Inc., a subsidiary of the Broward County developer, announced on Tuesday it had signed a contract to sell three of its divisions: Mack Industries Inc., Krome Aggregates Inc. and Hollywood Leasing Corp., to RMC Holdings Ltd., an Australian company that owns stone quarries in Georgia and South Carolina. Terms were not disclosed.

William Horvitz, president of Hollywood Inc., said he expects the sale to close in early 1988. He doubts that the deal with RMC will result in layoffs or shutdowns.

``To the contrary, I think they`re the kind of people who will be expanding,`` Horvitz said. ``They`re good people.``

The Hollywood Land Co. subsidiaries employ about 500 people and have annual sales of $100 million. Mack Industries operates construction manufacturing plants in southeast and southwest Florida. Hollywood Leasing owns trucks that deliver concrete blocks. Both are based in Hollywood. Miami-based Krome Aggregates operates a limestone quarry.

The sale is the third step in the Horvitz family`s plan to dissolve its multimillion dollar trust. An Ohio court approved the pact in April.

In July the three Horvitz brothers -- William, Harry and Leonard -- sold their five Ohio-based newspapers to Ingersoll Publications of Princeton, N.J., for an undisclosed sum. The Horvitz family also signed a contract with Adelphia Communications Corp. of Coodersport, Pa., to sell two cable television subsidiaries for $222 million. The family still owns Hollywood Inc., the company founded by their father, Samuel, in 1930.